SINGAPORE Nov 14 Singapore Telecommunications Ltd reported a 1.6 percent fall in second-quarter net profit on Wednesday, partly dragged down by higher costs.
SingTel, Southeast Asia's largest telecommunications firm, had net profit of S$868 million ($709.9 million) for the three months ended in September, down from S$882 million a year earlier.
Underlying net profit was S$886 million. That was below the S$896 million average forecast based on a Reuters poll of six analysts.
For SingTel's statement on its earnings, click ($1 = 1.2227 Singapore dollars) (Reporting by Eveline Danubrata; Editing by John O'Callaghan)
Trending On Reuters
InterGlobe Aviation Ltd, which owns the country's biggest airline IndiGo, on Tuesday filed a draft prospectus for an initial public offering (IPO) to list on the domestic stock market and cash in on a booming air travel market. Full Article